695 S Norton AVE new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90005
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 11,647 sqft
Price per Sqft $309
MLS Listing ID 25572123
Bedrooms 18
HOA Y/N No
Year Built 1965
Lot Size 7,043 Sqft
Property Description
695 S. Norton Avenue is a rare 9-unit multifamily investment opportunity located in the heart of Wilshire Park, one of Koreatown's most desirable neighborhoods. Encompassing 11,647 rentable square feet, the property offers exceptionally large units with the two bedrooms averaging approximately 1,375 square feet each. The well-balanced unit mix includes six (6) spacious 2-bedroom, 2-bath units; two (2) 2-bedroom, 2-bath units with dens; and one (1) Studio unit. All residences are situated above a gated, subterranean parking garage with 13 spaces. Additional property features include secured entry with intercom access, gated underground parking, an elevator, and a shared laundry facility. With approximately $130,000 in rental upside (representing a 50% loss-to-lease), a new owner will have the opportunity to add significant value through interior renovations as units turn. Positioned just off Wilshire Boulevard, between the Wilshire/Western and Wilshire/La Brea Metro stations, the property offers tenants seamless connectivity to both Downtown Los Angeles and the Westside.
Location
State CA
County Los Angeles
Area C18 - Hancock Park-Wilshire
Zoning LARD2
Interior
Heating Central
Cooling Central Air
Fireplaces Type Gas
Fireplace Yes
Appliance Refrigerator,Dryer,Washer
Laundry Common Area
Exterior
Parking Features Assigned,Underground
Pool None
Community Features Gated
View Y/N Yes
View City Lights
Total Parking Spaces 13
Private Pool No
Building
Faces East
Story 3
Entry Level Multi/Split
Architectural Style Mid-Century Modern
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5092007010
Security Features Carbon Monoxide Detector(s),Gated Community,Key Card Entry,Smoke Detector(s)
Special Listing Condition Standard